Overview of Rootariipuraza Nanba (ロータリープラザ難波)
Rootariipuraza Nanba (ロータリープラザ難波) is a 28-year-old condominium located at Oosakashi Naniwa Ku Saiwaichou 2 Choume 3-35 (大阪市浪速区幸町2丁目3-35), Osaka, Japan. Built in 1998, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morimoto Kensetsu Kougyou (森本建設工業).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 1,780〜3,980万円 (approx. $118,667–$265,333 USD at ¥150/$).
Unit sizes range from 59.4–67.0 sqm (639–721 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.4万/sqm (approx. $3,290/sqm or $306/sqft).
Location & Neighborhood
The property is located at Oosakashi Naniwa Ku Saiwaichou 2 Choume 3-35 (大阪市浪速区幸町2丁目3-35), Osaka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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